China used to set a ceiling for bank-deposit rates and a
floor for lending rates, which prevented re-emergence of
loan sharks, that once prevailed in a semi-colonial China under
Chiang Kai-shek's Nationalist rule before 1949 and was
a main reason that sent millions of peasants into bankruptcy
or a poverty-stricken situation. However, it is a crucial
step for Li Keqiang administration to push China towards
an economic system that will fully ‘open’ to the global capitalists.

During the 2008 US financial crisis, China's State Council
introduced a 4-Trillion-Yuan Stimulus Package in the excuse
that "to same America is to save China", which
resulted China to experience high inflations that have seriously
affected millions of Chinese people's lives until this very
day. Now some China's patriotic and insightful economic experts
- which are rare species among Chinese economists as most
of them either having shallow understandings of the economic
realities both in the West and in China or are simply paid
advocates of global financial elites or both, such as
premier Li Keqiang and his mentor Li
Yining - have warned against the State Council's move
to introduce another stimulus package under the pressure
from Robert
Zoelick and Henry Kissinger, both of them met with Li
Keqiang recently.

It is widely known that previous premier Wen Jiabao has
no real knowledge of any academic discipline but political
manoeuvring. He did not receive a good training in college
due to his ill health and only worked in his trained field
very briefly before being sent to do clerk job, an arrangement
commonly reserved for those who exhibits a weak professional
performance. Thus it is understandable that in the past ten
years, especially in the recent five years, Li Keqiang -
the only one with a formal qualification in economy among
all Wen's vice premiers - was the de facto premier in actual
control of China's economic affairs, therefore is responsible
for the introduction of the 4-trillion yuans stimulus package.

Now when facing the heavy pressure from Washington to pump
fresh blood from China into US economy, we can hardly expect
Li Keqiang not to repeat his old trick, given this is a guy
shown very limited imagination and creativity. And that is
how a free trade zone is hastily set up in Shanghai, and
that is why restrictions on foreign investment in China are
removed, and that is what is behind the new regulations which
permit the banks to decide interest rates - it is both a
disguised stimulus package designed to further help US recovery
at China's expense and a decisive move towards establishing
an economic model that will allow the Wall Street to be in
the control of China's economy.

Here are some Chinese comments on Li
Keqiang's reform rush:

东方**虎：Everyone
knows what all these reforms are about but few
dare to speak out. I fear no death, let me say
this out loud: The reason behind these policy moves
is simple - Premier Li Keqiang has a treacherous
agenda.

沧海桑田： He
want to relinquish all powers to market force,
then what is he going to do as a premier? Li
Keqiang, get out of your premier's office!

萍水相逢：Li
Keqiang is quite evil. You know that from all the
places that he once worked, in Henan, Liaoning,
and you name it - he achieved nothing over there.
Of course, the Falun Gong members love him, and
you know why.

9414:
Li Keqiang does no decent things, says no decent
words, but only knows how to show off his ability
of rolling a foreign tongue. He should be sacked
immediately.

观望者will: By
looking at the people around him, you'll know instantly
what kind of person Li Keqiang really is.

卢麒元:小强若懂经济学，就不会“放水冲沙”。恰恰相反，他要做的是应该是“虹吸取水”。也就是通过税收改革，将资本从不动产中逼出。要知道，“放水”危险极大，怕是未必能够“冲沙”，反而淹了下游的农田啊！全国老百姓要睁大眼睛盯住了GWY，绝对不许他们搞升级版的“四万亿”。绝对绝对不允许！人民币一旦跳水，欠债的政府、机构、个人全都解放了；老百姓的存款血本无归了，工资全部缩水了，保险全部报废了。Read
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